Allspring Global Investments Holdings LLC Has $317,000 Stock Position in Kelly Services, Inc. (NASDAQ:KELYA)

Allspring Global Investments Holdings LLC lessened its holdings in shares of Kelly Services, Inc. (NASDAQ:KELYA - Free Report) by 69.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 24,087 shares of the business services provider's stock after selling 54,116 shares during the period. Allspring Global Investments Holdings LLC owned 0.07% of Kelly Services worth $317,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC boosted its stake in Kelly Services by 5,012.7% during the 1st quarter. Parallel Advisors LLC now owns 2,812 shares of the business services provider's stock worth $37,000 after acquiring an additional 2,757 shares during the last quarter. Renaissance Technologies LLC bought a new position in shares of Kelly Services during the fourth quarter worth $5,343,000. Cetera Investment Advisers bought a new position in shares of Kelly Services during the fourth quarter worth $158,000. GAMMA Investing LLC grew its holdings in shares of Kelly Services by 923.2% in the 1st quarter. GAMMA Investing LLC now owns 95,469 shares of the business services provider's stock valued at $1,257,000 after buying an additional 86,139 shares during the period. Finally, Bank of America Corp DE increased its position in shares of Kelly Services by 123.7% in the 4th quarter. Bank of America Corp DE now owns 146,462 shares of the business services provider's stock valued at $2,042,000 after buying an additional 80,995 shares in the last quarter. Institutional investors and hedge funds own 76.34% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KELYA. Wall Street Zen lowered Kelly Services from a "buy" rating to a "hold" rating in a report on Tuesday, May 20th. Barrington Research reiterated an "outperform" rating and set a $25.00 price objective on shares of Kelly Services in a report on Tuesday, May 20th.

Kelly Services Stock Down 2.0%

Shares of KELYA stock traded down $0.25 during trading hours on Friday, hitting $12.46. 252,330 shares of the company were exchanged, compared to its average volume of 347,604. The business has a 50 day moving average of $11.94 and a two-hundred day moving average of $12.71. The company has a current ratio of 1.64, a quick ratio of 1.64 and a debt-to-equity ratio of 0.16. Kelly Services, Inc. has a 52 week low of $10.80 and a 52 week high of $23.81. The company has a market capitalization of $434.73 million, a PE ratio of -20.77, a PEG ratio of 0.45 and a beta of 0.95.

Kelly Services (NASDAQ:KELYA - Get Free Report) last announced its earnings results on Thursday, May 8th. The business services provider reported $0.39 earnings per share for the quarter, missing analysts' consensus estimates of $0.53 by ($0.14). Kelly Services had a positive return on equity of 6.13% and a negative net margin of 0.46%. The company had revenue of $1.16 billion during the quarter, compared to analyst estimates of $1.16 billion. Analysts anticipate that Kelly Services, Inc. will post 2.45 earnings per share for the current fiscal year.

Kelly Services Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 3rd. Investors of record on Monday, May 19th were given a $0.075 dividend. This represents a $0.30 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date was Monday, May 19th. Kelly Services's dividend payout ratio is presently -50.00%.

Kelly Services Profile

Kelly Services, Inc, together with its subsidiaries, provides workforce solutions to various industries. The company operates through five segments: Professional & Industrial; Science, Engineering & Technology; Education; Outsourcing & Consulting; and International. The Professional & Industrial segment delivers staffing, outcome-based, and permanent placement services providing administrative, accounting, and finance; light industrial; contact center staffing; and other workforce solutions.